For the following balance sheet, compute the company's working capital. Current Assets Current Liabilities $ 80,000 Cash $ 60,000 Long-term Liabilities $ 90,000 Accounts Receivable $ 25,000 Inventory $ 40,000 Total Liabilities $ 170,000 Total current assets $ 125,000 Equity Long Term Assets Common Stock $ 150,000 Buildings $ 150,000 Additional Paid in Capital $ 70,000 Equipment $ 60,000 Retained Earnings $ 45,000 Land $ 100,000 Total StockH Equ $ 265,000 Total long-term assets $ 310,000 Total Assets $ 435,000 Total L + SE $ 435,000 Group of answer choices

$265,000

$(20,000)

1.5625

$35,000

$45,000

Question 4 1 pts For the following income statement, compute the company's time's interest earned ratio.

Revenues $ 175,700 COGS $ 85,600 Gross Profit $ 90,100 SG&A $ 21,700 Operating Profit (EBIT) $ 68,400 Interest Expense $ 3,200 EBT $ 65,200 Income Taxes $ 19,560 Net Income $ 45,640 Group of answer choices

21.38

4.68%

54.91

28.16

Question 5 Question 51 pts Biggie's Burgers has a current ratio of .75 and a quick ratio of .05. Which of the following statements is most accurate? Group of answer choices

The company's current assets (95%) are cash.

The company has no current liabilities at all (zero).

The company's ability to pay its long term debts has been damaged.

A large amount of the company's current assets are in the form of inventory.